Elan Corp's 2nd Quarter Reflects Athena Acquistion
Irish pharmaceutical company Elan Corporation has announced an increase of 39% in net income and earnings per share for the second quarter of 1996 before a one-time charge of $484.8 million relating to the acquisition of Athena Neurosciences. This charge largely represents the value of the acquired in-process research at Athena, which has been written off in the income statement.
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